419 Summit Trl

Banner Elk, NC
List Price
$2,399,000
419 Summit Trl
419 Summit Trl - Image 2
419 Summit Trl - Image 3
More photos

Why I Like This Property

“This property stands out because of its excellent location, strong rental history, and potential for above-market returns.”

Login to view details
Tyler Coon
Tyler Coon
Savvy STR Agent

About This Property

Perched on approximately 1.92 acres with breathtaking long-range mountain views, The Elk Lodge is a rare High Country retreat and a proven, high-performing short-term rental with established income history. Offered fully furnished and turnkey, this income-generating vacation rental delivers immediate cash flow potential for investors or a luxury mountain escape for buyers who want it all. The property is designed as a true mountain compound: a spacious 4-bedroom main lodge, a fully finished 2-bedroom accessory dwelling unit (ADU) above the garage, and a massive detached climate-controlled game and entertainment building. The main lodge features multiple inviting living spaces including a sunroom with panoramic mountain views, loft, family room, chef's kitchen with premium appliances and coffee bar, and a finished walkout basement with an additional lounge/media area, two bedrooms, a full bathroom, and laundry. The finished ADU functions as a true second residence with its own full kitchen, family room, laundry, two en suite bedrooms, queen sleeper sofa, and spectacular mountain views, perfect for guests, extended family, or additional short-term rental accommodations. The standout feature is an expansive climate-controlled recreation building built for year-round entertainment with a 70-inch Smart TV, pool table, shuffleboard, poker and game table, classic arcade games, comfortable lounge seating, and a half bathroom. Outdoors, guests rave about the hot tub, expansive stone patio, and large fire pit positioned to capture sweeping mountain scenery, unforgettable sunsets, and star-filled skies. Located just minutes from downtown Banner Elk, Sugar Mountain Resort, Beech Mountain Resort, the Elk River, and endless hiking, fishing, and skiing, the property balances privacy with unbeatable convenience. With proven short-term rental performance, a fully turnkey offering, an exceptional finished ADU, and extensive entertainment amenities, The Elk Lodge is a rare income-generating opportunity in one of North Carolina's most sought-after mountain destinations.

Luxury
Adventure
Family-friendly
Pet-friendly
Remote-work
Mountain
Hot Tub
Game Room
Mountain View
Fireplace
Home Theater
Fire Pit

Property Details

6
Bedrooms
0
Bathrooms
0
Square Feet
0
Year Built
Single Family
Property Type

Comparable Airbnb Listings

Revenue data from similar short-term rentals in the area

Up & Away at Eagles Nest | Sleeps 24 | Views

Up & Away at Eagles Nest | Sleeps 24 | Views

Watauga County, NC

ADR
Occupancy
Revenue
Login to view details
View on Airbnb
Mountaintop Chalet Sauna Hot Tub CountryClubAccess

Mountaintop Chalet Sauna Hot Tub CountryClubAccess

Beech Mountain, NC

ADR
Occupancy
Revenue
Login to view details
View on Airbnb

Savvy Recommended Upgrades

Exterior Amenities (Pickle ball court, Stargazing tent, Outdoor movie screening area, Mini golf)

Interior Design Upgrades

Your Agent

Tyler Coon

Tyler Coon

STR Investment Specialist

Western North Carolina, NC

261
Deals Closed
6
Years Experience

Investment Calculator

Calculate your potential returns with real property data

Est. Monthly Cash Flow
Cash-on-Cash Return

Listing agent: Tyler Coon. Listing courtesy of EXP Realty LLC. Information deemed reliable but not guaranteed.

Financial & Investment Disclaimer: All information on this website is for informational purposes only and is believed accurate to the best of our knowledge but is not guaranteed. Nothing constitutes financial, tax, legal, or investment advice. All investments involve risk and you may lose some or all of your capital. Projections, case studies, and examples are illustrative only and not guarantees of future results. Agents operate independently under their own brokerages. Savvy may receive affiliate or referral compensation. Intended primarily for US residents. Conduct your own due diligence and consult your own professionals. Full disclosure applies.